Book review: “Grit: The power of passion and perseverance” by Angela Duckworth – books for investors

by | Real Estate Investing, Azam Meo, Indiana real estate

Books reviews and the best lessons for real estate investors: review of “Grit” the power of passion and perseverance.

This book is about defining and mathematically measuring one’s stick-to-it-iveness and ability to finsih things you start.  The author defines this skill as “Grit”.  Today we’ll go over definitions, examples and then a self-test that is all about tracking and improving one’s level of grit.

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Book Review of Grit – book reviews and lessons for real estate investors

Azam explains excerpts and best ideas from Grit by Angela Duckworth…

You can download the Guide above in .pdf form HERE.

Book Review:
Grit
The Power of Passion and Perseverance

Lesson: Grit = Deep Necessity to do Badass Stuff
“Why were the highly accomplished so dogged in their pursuits? For most, there was no realistic expectation of ever catching up to their ambitions. In their own eyes, they were never good enough. They were the opposite of complacent. And yet, in a very real sense, they were satisfied with being unsatisfied. Each was chasing something of unparalleled interest and importance, and it was the chase— as much as the capture—that was gratifying.

… Even if some of the things they had to do were boring, or frustrating, or even painful, they wouldn’t dream of giving up. Their passion was enduring. In sum, no matter the domain, the highly successful had a kind of ferocious determination that played out in two ways. First, these exemplars were unusually resilient and hardworking. Second, they knew in a very, very deep way what it was they wanted.

… They not only had determination, they had direction. It was this combination of passion and perseverance that made high achievers special. In a word, they had grit. Grit depends on a different kind of hope. It rests on the expectation that our own efforts can improve our future. ‘I have a feeling tomorrow will be better’ is different from ‘I resolve to make tomorrow better.’ The hope that gritty people have has nothing to do with luck and everything to do with getting up again.”

My one sentence summary:
How developing laser focus on purpose and effort helps you reach your goals easier. Duckworth: Harvard Neurobiologist, Oxford Neuroscientist, Psych Prof Penn State
BigReia.com – Badass Stuff…

Lesson: Build an Environment of PASSION and You’ll Have Grit
“I came to a fundamental insight that would guide my future work: Our potential is one thing. What we do with it is quite another. Without effort, your talent is nothing more than your unmet potential. Without effort, your skill is nothing more than what you could have done but didn’t. With effort, talent becomes skill and, at the very same time, effort makes skill productive…

… Interest is one source of passion. Purpose – the intention to contribute to the well-being of others—is another. The mature passions of gritty people depend on both. In my ‘grit lexicon,’ therefore, purpose means ‘the intention to contribute to the well-being of others.’ The bottom line on culture and grit is: If you want to be grittier, find a gritty culture and join it. If you’re a leader, and you want the people in your organization to be grittier, create a gritty culture.”

To be gritty is to keep putting one foot in front of the other. To be gritty is to hold fast to an interesting and purposeful goal. To be gritty is to invest, day after week after year, in challenging practice. To be gritty is to fall down seven times, and rise eight. There’s an old Japanese saying: ‘Fall seven, rise eight.’ If I were ever to get a tattoo, I’d get these four simple words indelibly inked.”

You can download the Guide above in .pdf form HERE.

Lesson: Decide to Use Your Time Better
“‘You’re no genius,’ my dad used to say when I was just a little girl. I realize now that he was talking to himself as much as he was talking to me. If you define genius as being able to accomplish great things in life without effort, then he was right: I’m no genius, and neither is he. But if, instead, you define genius as working toward excellence, ceaselessly, with every element of your being—then, in fact, my dad is a genius, and so am I, and… if you’re willing, so are you.

Author and activist James Baldwin once put it this way: ‘Children have never been very good at listening to their elders, but they have never failed to imitate them.’

… Indeed, over the past forty years, study after carefully designed study has found that the children of psychologically wise parents fare better than children raised in any other kind of household. In one of Larry’s studies, for example, about ten thousand American teenagers completed questionnaires about their parents’ behavior. Regardless of gender, ethnicity, social class, or parents’ marital status, teens with warm, respectful, and demanding parents earned higher grades in school, were more self-reliant, suffered from less anxiety and depression, and were less likely to engage in delinquent behavior.”

Lesson: Grit Scoring Can be a Great Predictor

“By the last day of Beast, seventy-one cadets had dropped out. Grit turned out to be an astoundingly reliable predictor of who made it through and who did not. The next year, I returned to West Point to run the same study.

This time, sixty-two cadets dropped out of Beast, and again grit predicted who would stay. In contrast, stayers and leavers had indistinguishable Whole Candidate Scores. I looked a little closer at the individual components that make up the score.

Again, no difference. So, what matters for making it through Beast? Not your SAT scores, not your high school rank, not your leadership experience, not your athletic ability. Not your Whole Candidate Score.

What matters is grit.”

The Grit Scoring Test

1. I am a hard worker.
2. I finish whatever I begin.
3. I am diligent. I never give up.
4. My interests change from year to year.
5. Setbacks don’t discourage me. I don’t give up easily.
6. I often set a goal but later choose to pursue a different one.
7. I have overcome setbacks to conquer an important challenge.
8. New ideas and projects sometimes distract me from previous ones.
9. I have been obsessed with a certain idea or project for a short time but later lost interest.
10. I have difficulty maintaining my focus on projects that take more than a few months to complete.

Here are the answer choices:

A. Very much like me
B. Mostly like me
C. Somewhat like me
D. Not much like me
E. Not like me at all

That’s the book review of “Grit”

You can download the Guide above in .pdf form HERE.

So that’s it make sure to go BigReia.com and get our list of over 100 FREE ways to find motivated sellers, how to buy and sell companies at light speed and retire in the next year with over 30k/month coming in on auto pilot: BigReia.com go there and you’ll…

Make the Universe Smile.

Indy Anna
Love (at) BigReia.com
317- 969-5619 (Yes, that’s my real number and I actually answer so please text me first Thx!)

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Make the Universe Smile.

~ Indy Anna
Love (at) BigReia.com
(YES that's my actual Direct Line and I really do answer lol, so please text me first Thx!)

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